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$119,000

NAL Estimated Property Value

9809 Richmond Avenue E8, Houston, TX, 77042

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,102 Sq Ft
price_per_sqft$108.89 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range, Dryer, Refrigerator, Washer, Washer/Dryer
FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1977
Stories1

Land Information

APN1141960040008
SubdivisionElm Grove Condo Ph 2
Land UseResidential
Legal DescriptionUNIT 8 BLDG E .007590 INT COMMON LAND & ELE ELM GROVE CONDO PH 2
Census Tract432401
Assessed Land Value$21,308
Assessed Improvement Value$90,840
Assessment Year2025

About this property

Welcome to this stunning 2/2 unit located in the highly sought-after Westchase area of Houston. Enjoy the convenience of being centrally located with quick access to five major freeways, making your commute a breeze. Surrounded by top-rated restaurants, shopping, and entertainment. Step into a grand entrance with soaring ceilings in the living and dining areas, creating a spacious and inviting atmosphere. Relax on your private balcony or take advantage of the beautifully maintained pool and courtyard perfect for entertaining. This unit features a brand new 3 ton HVAC unit installed in June 2025, complete with a 5-year transferable warranty for peace of mind. Washer, dryer, and refrigerator are included move-in ready! Don’t miss this opportunity to make this wonderful space your home.

Investor Tools

Property Icon
$119,000
Estimated Property Value
$14,726Estimated Mortgage Balance
$104,274Estimated Equity
87% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$720 /month
Positive
Cash Flow Estimate:
$240 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$150/month
$539/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,208
$112,148
2025
$21,308
$90,840
$112,148
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,208
$112,148

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Home Mortgage Inc
Unknown
$40,500
No
First
Sep 24, 2003
Oct 2018

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$14,726
$104,274
87%
12%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$539/mo
+$891/mo
14.4%

City: Houston

9809 Richmond Avenue E8 | Property Details | No Agent List